Peter Hambro Mining greenshoe exercised in full, raising convertibles issue to $140 million

By Jennifer Chiou

New York, July 5 - Peter Hambro Mining plc said its $10 million greenshoe has been exercised in full, raising its issue of 7.125% convertible bonds due 2010 to $140 million.

J.P. Morgan Securities Ltd. is the sole bookrunner and HVB Corporates & Markets is joint-lead manager.

On June 30, the company originally priced $100 million of the notes with a $15 million greenshoe and an initial conversion premium of 17%. It later upsized the issue to $130 million with a $10 million greenshoe.

London-based Peter Hambro is a mineral exploration company.

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